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Iberdrolas marine wind megaproject in the United States will not finally be operational in 2022

Mina

Feb. 13, 2020

Iberdrolas’ marine wind megaproject ‘Vineyard Wind 1’ in United States waters will not finally reach its objective of being operational in 2022 due to new delays in environmental permits for its development.
The company, 50% owned by the Spanish energy company and the Danish Copenhagen Infrastructure Partners (CIP), initially planned to start the project by that date, although since last summer it was in a situation of blocking for Be able to advance your goals.
The Office of Oceanic Energy Administration, under the US Department of Interior, has published a new permit schedule in which it does not plan to issue its final environmental impact statement (FEIS) on the project until almost the end of this year.
“While we have to analyze what a longer permit timeline will mean to begin construction, the commercial operation is no longer expected in 2022,” said Vineyard Wind CEO Lars Pedersen, without specifying a new date for the Project start-up.
With an expected capacity of 800 megawatts (MW), Vineyard Wind, awarded in 2018, is the first large-scale wind farm in the United States and its investment is estimated at about 2.8 billion dollars (about 2.5 billion euros).
Initially, it was planned that construction work on the ground of the project started last year, on an initial calendar that estimated that the park was operational in 2022.
The project also had the obtaining of investment tax credits (ITC) linked to the date of commissioning, deadlines that will not be reached.
Since last summer the threat of delays in the project was present, following the decision of the Donald Trump Government to submit it to an additional environmental impact study.
The definitive steps taken by the United States Administration with this project will be decisive for the promotion of the offshore wind energy business in the country, with more than a dozen projects to be addressed in the coming years.
COMMITMENT TO THE PROJECT.
However, Iberdrola and its partner in Vineyard Wind have already reaffirmed their commitment to the development of the project, despite the delays foreseen in the authorization.
Already last October, the president of Iberdrola pointed out that, despite the obstacles encountered, the park would continue “ahead”, although its commissioning would be delayed to the date of the end of 2022 or the beginning of 2023.
Galan considered that this delay was due to technical issues that in the future will affect all developers and that should serve to “clarify what the standards will be” when addressing these offshore wind projects and to “clarify the investments that must be done in the country later. ”
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